Rising demand for acrylic resins in the automotive industry and Increasing demand for acrylic resin in Paints and Coatings are projected to fuel the growth of the global Acrylic Resin market at a CAGR of 5.60% during the forecast period 2023 to 2030.

Market Research Future (MRFR) has published on the “Global Acrylic Resin market”

that contains the information from 2019 to 2030. The Acrylic Resin market is estimated to register a CAGR of 5.60% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the global Acrylic Resin market— Arkema (France), BASF SE (Germany), Evonik Industries AG (Germany), Dow Chemical Company (US), Mitsubishi Chemical Corporation (Japan), Henkel AG & Co. (Germany), Nippon Shokubai Kagaku Kogyo Co.Ltd. (Japan), DIC Corporation (Japan), Sumitomo Chemical Company (Japan), Covestro AG (Germany).

Acrylic Resins Market Highlights

The global Acrylic Resin market is accounted for to register a CAGR of 5.60% during the forecast period and is estimated to reach USD 30,741.3 Million by 2030.

The primary trend that is driving the global market for acrylic resin is Growing need in the automobile industry for acrylic resins. Acrylic resin is used in automotive applications to cover and protect metal surfaces with paint and varnish. Acrylic resins are often used in big vehicles like carriers and locomotives as well as in passenger cars and other vehicles due to a number of properties, such as low-stress birefringence, lightweight, and strong scratch resistance, among others. Similarly, it is projected that the market for acrylic resin would expand as autonomous or electric vehicles become more common.

Also, Acrylics are now the dominant technique for tablet aqueous enteric coating because of recent advancements in technology. As glycerides may now be employed as detackifiers in place of talc, the acrylic resins are more stable and much simpler to apply. Acrylic resins, such as polymethacrylates, are used to coat tablets, pellets, capsules, and granules because of their excellent film-forming properties. Acrylic resins are compatible with skin and mucosal membranes and are pharmacologically inert. The trade name Eudragit refers to copolymers with functional groups that are produced from esters of acrylic and methacrylic acids. Drug release in the stomach is better prevented by enteric methacrylate polymers like Eudragit L/S coatings, which also allow for controlled release throughout the intestine.

Additionally, paint and coatings formulations make extensive use of solid-grade thermoplastic acrylic resins. Moreover, these resins are mostly employed in several end-use industries (such as building & construction, automotive, electronics, and packaging) in the paints and coatings market. Solid-grade thermoplastic acrylic resins are used to create coatings like general, PVDF, and metallic coatings, which are increasingly employed to shield industrial machinery and equipment against corrosion and other environmental harm. Abrasion resistance, high heat stability, enhanced hardness, wear resistance, low friction, chemical resistance, and other advantages are provided by these coatings. Use of coatings in industrial manufacturing and automation equipment increases operational efficiency and increases tool life. Moreover, it decreases cycle times, scrap, equipment downtime, and maintenance. Further applications for solid-grade thermoplastic acrylic resins include coatings for electronic devices and wood.

The expansion of the industrial sector across the globe is likely to boost the demand for coatings in various end-use industries. Moreover, paints & coatings offer protection and improve the performance and efficiency of industrial processes, and many other applications which in turn boost the demand for acrylic resin across the globe.

Segment Analysis

The global acrylic resin market has been segmented based on type, property, end-use by application, application by chemistry, and region.

Based on type, the global acrylic resin market has been classified into methacrylates, acrylates, and hybrids. The methacrylates segment dominated the global acrylic resin market with a value of USD 19,886.5 million in 2022; with an expected CAGR of 5.69% during the forecast period. Methacrylate is utilized as a building block in the production of a wide variety of polymers. These polymers are then employed as raw materials or components in the production of a wide variety of formulations or items that are used in day-to-day life, particularly where stability, durability, hardness, and scratch resistance are required. Thus, a rise in demand for methacrylate in various end-use industries such as building & construction, automotive & transportation, and others will raise the demand for the acrylic resin market during the forecast period.

Based on the property, the global acrylic resin market has been classified into thermoplastics, and thermosetting. The thermosetting segment dominated the global acrylic resin market with a value of USD 11,796.9 million in 2022; with expected CAGR of 5.93% during the forecast period.Thermoplastic acrylic resins are typically produced using a one-shot solution technique and are used as lacquers in automotive, refinishing, and other industries. These thermoplastic grades offer a wide range of qualities with exceptional solvent resistance, flexibility, impact resistance, and high hardness of a crosslinked system. They can be plasticized internally or externally and mixed with nitrocellulose or alkyd in stoving finishes. The molecular weight of metallic flake pigments must be carefully managed since it determines their orientation. The building & construction industry mostly uses thermoplastic acrylic resins through a water-borne dispersion process.

Based on the end-use by application, the global acrylic resin market has been classified into building & construction, automotive, electronics, packaging, and others. The building & construction segment dominated the global acrylic resin market with a value of USD 6,523.4 million in 2022; with an expected CAGR of 6.11% during the forecast period. Applications in the building & construction end-use industry includes paints & coatings (ACE) coatings), adhesives & sealants, pigment dispersion, safety windows, decorative panels, enclosures, signage & displays, and construction materials.

Based on the application of chemistry, the global acrylic resin market has been classified into paints & coatings, adhesives & sealants, pigment dispersion, and others. The paints & coatings segment dominated the global acrylic resin market with a value of USD 6,276.0 million in 2022; with an expected CAGR of 5.94% during the forecast period. The chemistries considered in the global acrylic resin market are emulsion polymerization, suspension polymerization, solution polymerization, and bulk polymerization.

Regional Analysis

Region-wise global acrylic resin market has been divided into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Asia-Pacific held the largest market share of 35.08% in 2022 due to the high availability of raw materials, rapid industrialization, and commercialization in the region. It is expected to increase the consumption of acrylic resin during the forecast period. The market was valued at USD 6,976.2 million in 2022 and is expected to exhibit a CAGR of 6.05%. The ongoing economic strength of the Asia-Pacific area and the resulting rise in demand for infrastructure, equipment, manufacturing facilities, and other domains are projected to fuel the region's need for paints & coatings. Also, fresh prospects in end-user sectors like manufacturing, construction, packaging, automotive, and others are probably on the horizon thanks to the development of production facilities and rising investments in the area. The Asia-Pacific region's three fastest-growing economies are China, India, and Japan, which dominate various end-use sectors including building and construction, automobile, and so forth.

Also, there are several sizable paint industries in Europe, and the continent's four largest economies are Germany, France, Italy, and Spain. During the course of the projection period, it is anticipated that the paints and coatings segment will grow as a consequence of the existence of numerous well-known competitors in the area.

Key Findings of the Study

• The global Acrylic Resin market is expected to reach USD 30,741.3 Million by 2030, at a CAGR of 5.60% during the forecast period.


• Asia-Pacific held the largest market share of 35.08% in 2022 due to the high availability of raw materials, rapid industrialization, and commercialization in the region.


• Based on Type, the Methacrylates segment was attributed to holding the largest market in 2022, with an approximate market share of 43.99%.


• Based on Property, the Thermosetting segment was attributed to holding the largest market in 2022, with an approximate market share of 59.32%.


• Based on End Use by Application, the Building & construction segment was attributed to holding the largest market in 2022, with an approximate market share of 32.80%.


• Based on Application by Chemistry, the Paints & Coatings segment was attributed to holding the largest market in 2022, with an approximate market share of 31.56%.


• Arkema (France), BASF SE (Germany), Evonik Industries AG (Germany), Dow Chemical Company (US), Mitsubishi Chemical Corporation (Japan), Henkel AG & Co. (Germany), Nippon Shokubai Kagaku Kogyo Co.Ltd. (Japan), DIC Corporation (Japan), Sumitomo Chemical Company (Japan), Covestro AG (Germany) are the key market players.